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EBS Dealing Resources extends EDS contract

07 June 2006  |  2197 views  |  0 Source: EDS

EDS (NYSE: EDS) today announced it is extending its nearly decade-long relationship with EBS Dealing Resources, the world's leading provider of trading and market data solutions to the professional FX and precious metals communities. Financial details of the agreement were not disclosed.

EDS will continue to enable EBS' global growth with a range of IT services including management of the company's global network operations, field services and telecommunications.

"By the nature of our business, we need to ensure that our clients have the most accurate trading information and market data in real time," said Bill Moran, Chief Operating Officer of EBS. "Key is our ability to improve trading response time across a globally distributed network as we respond to an increasingly more competitive marketplace. Our partnership with EDS has enabled us to grow, add new markets, new segments and new currencies and increase speed to market."

EBS has made significant investments in improving the responsiveness of its trading platform. Since these were implemented in February 2006, the organization has witnessed a significant increase in spot FX volumes transacted on the system.

The EBS and EDS relationship began in 1997 and EDS has been providing the company with global network operations, field services and telecommunications. Combining global access with technological expertise, EBS has been able to offer an unparalleled combination of innovative and user-friendly technology together with superior customer service and support.

"EBS has experienced exciting growth opportunities since its launch and EDS is privileged to have been a partner for the past 10 years," said Tom Warsop, EDS Vice President, US Financial Services. "In an industry that demands high levels of trust from shareholders, regulators and customers, EDS' commitment to operational excellence also makes us the clear choice to continue this partnership."

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